Business news

Business

Can AI's power problem become a clean-energy opportunity?

Artificial intelligence has triggered a new gold rush. This time, companies are competing not for land or minerals, but for access to electricity.

Business

Chinese chipmaker CXMT soars 500% on debut as AI fuels shortages

China's leading memory chipmaker CXMT became the most valuable company in mainland China after soaring more than 500% on its market debut Monday, underscoring how AI demand is boosting the semiconductor sector.

Business

Thwarting the hidden resume hacks that target AI hiring tools

In an increasingly competitive job market, some applicants are quietly trying to outsmart AI hiring tools. Now, new research focused on rooting out the practice of "prompt injection" shows how widespread this tactic is.

Business

India's domestic workers go online as instant services boom

Racing against a stopwatch, a group of women folds bed sheets as they train to join an Indian startup that offers instant home services, transforming a traditionally word-of-mouth sector and promising better pay.

Business

EU accepts X's plan to fix digital content violations

The European Union announced Wednesday that it had accepted a plan by Elon Musk's X social media platform to correct digital-content violations that led to a 120 million euros ($138 million) fine.

Business

PayPal shares jump on reported $53 bn Stripe takeover bid

Shares in PayPal surged as much as 13% on Wall Street Wednesday after reports that payments firm Stripe and private equity group Advent International had made a joint offer to buy the digital payments pioneer.

Business

Meta employees allege discriminatory AI-driven layoffs

Twenty-six Meta employees have filed a lawsuit accusing the tech giant of using artificial intelligence to select workers for mass layoffs, a claim strongly denied by the trillion-dollar company.

Business

IBM shares plunge 25% as AI spending boom disrupts business

IBM shares plunged 25% Tuesday after the U.S. tech giant released disappointing preliminary second-quarter results, blaming a shift in customer spending because of expected higher prices for memory chips and other AI-related ...

Business

OpenAI number two Simo steps down to focus on health

Top Silicon Valley executive Fidji Simo announced Wednesday she is leaving her full-time role at OpenAI to go part time as an adviser and focus on recovery from a chronic illness.

Business

AI's big productivity boost? It's happening from the sofa

A new study by SIEPR's Michael Blank is among the first to examine an overlooked effect of generative AI: it's significantly boosting how much people get done at home. Barely a day goes by when there isn't a story about generative ...

Consumer & Gadgets

Why are communities pushing back against data centers?

Data centers, which house computer systems that help train AI models, are blanketing the country, a boom fueled by surging interest in AI and state tax breaks. More than 4,000 are already in operation, mostly in Virginia, ...

Business

Online viewers prefer livestreams to recordings

In an era when most TikTok videos are prerecorded, can a band with a new single create a tighter bond with fans by debuting via livestream instead? Can a business do the same when promoting a new product?

Business

Your brain for sale? The new frontier of neural data

Your browsing history, your location, your political preferences. For years, tech companies have found ways to turn personal data into profit. Now, a new and far more intimate frontier is opening: the electrical signals produced ...

Business

Researchers expose fossil fuel companies' communications facade

Fossil fuel companies say that they want to be on the front lines of renewable energy, with advertisements, social media, and even their own shareholder corporate reports espousing their commitment to green energy and combating ...